RNS Number : 9448F
BBGI Global Infrastructure S.A.
20 November 2020
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, BY ANY
MEANS OR MEDIA, TO US PERSONS OR IN OR INTO THE UNITED STATES, OR
INTO OR FROM CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH
AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION
OR DISTRIBUTION WOULD BE UNLAWFUL.
20 November 2020
BBGI GLOBAL INFRASTRUCTURE S.A.
("BBGI" or the "Company")
RESULT OF PLACING
Further to its announcement of 17 November 2020, the Directors
of BBGI are pleased to announce that the Company has raised gross
proceeds of GBP55.0 million through the issue of 32,544,379
Ordinary Shares of no par value each (the "New Ordinary Shares") in
the Company (the "Issue"). The Issue Price per New Ordinary Share
was 169.0 pence. The Issue was oversubscribed and therefore a
scaling back exercise was undertaken.
Application has been made for the New Ordinary Shares to be
admitted to the premium listing segment of the Official List and to
trading on the Main Market of the London Stock Exchange
("Admission"). It is expected that dealings in the New Ordinary
Shares will commence at 8.00 a.m. on 24 November 2020.
Following Admission, the number of ordinary shares that the
Company has in issue will be 664,691,283. The total number of
voting rights of the Company will be 664,691,283 and this figure
may be used by shareholders as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company.
The Issue is conditional, among other things, on Admission
becoming effective and the Placing Agreement between Jefferies
International Limited ("Jefferies"), Winterflood Securities Limited
("Winterflood") and the Company not being terminated.
Commenting, Co-CEOs Duncan Ball and Frank Schramm said:
"We are delighted with the support shown by both existing and
new investors in this fundraise. The fundraising will provide the
Company with additional financial flexibility to pursue suitable
new primary and secondary investment opportunities as and when they
BBGI Management Team +352 26 34 79 25-1
Duncan Ball firstname.lastname@example.org
Frank Schramm email@example.com
Michael Denny firstname.lastname@example.org
Jefferies International Limited +44 20 7029 8000
Tom Yeadon email@example.com
Neil Winward firstname.lastname@example.org
Francesco Namari email@example.com
Winterflood Securities Limited +44 20 3100 0000
Darren Willis firstname.lastname@example.org
Neil Langford email@example.com
Joe Winkley firstname.lastname@example.org
Maitland/AMO (Communications adviser) +44(0) 20 7379 5151
James Benjamin BBGIemail@example.com
BBGI Global Infrastructure (BBGI) is a responsible
infrastructure investment company and a constituent of the FTSE 250
that invests in and actively manages for the long-term a globally
diversified, low-risk portfolio of essential social infrastructure
BBGI is committed to delivering stable and predictable cash
flows with progressive long-term dividend growth and attractive,
sustainable, returns for shareholders. BBGI has a proactive
approach to preserving and enhancing the value of its investments,
and to delivering well maintained social infrastructure for
communities and end users, whilst serving society by supporting
All of BBGI's investments are availability-based and supported
by secure public sector-backed contracted revenues, with
inflation-protection characteristics, that is paid so long as the
assets are available for use.
BBGI's investment portfolio is over 99% operational with all its
investments located across highly rated investment grade countries
with stable, well developed operating environments.
BBGI's in-house management team is incentivised by shareholder
returns and consistently maintains low comparative ongoing charges
Further information about BBGI is available on its website at
The Company's LEI is: 529900CV0RWCOP5YHK95
Any reference to the Company or BBGI refers also to its
subsidiaries (where applicable).
The information contained within this Announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (Regulation 596/2014/EU). Upon the
publication of this Announcement via a Regulatory Information
Service this inside information is now considered to be in the
This Announcement has been issued by and is the sole
responsibility of the Company.
This Announcement and the information contained herein is not
for release, publication or distribution, directly or indirectly,
in whole or in part, in or into or from the United States, Canada,
Australia, Japan, the Republic of South Africa or any other
jurisdiction where to do so might constitute a violation of the
relevant laws or regulations of such jurisdiction.
This Announcement does not constitute or form part of any offer
to sell, or any solicitation of an offer to buy, securities in the
United States. Securities may not be offered or sold in the United
States absent: (i) registration under the Securities Act of 1933,
as amended (the "Securities Act"); or (ii) an available exemption
from registration under the Securities Act. The Placing Shares have
not been and will not be registered under the Securities Act or
under the securities laws of any state or other jurisdiction of the
United States and may not be offered, sold, resold or delivered,
directly or indirectly, in or into the United States absent
registration except pursuant to an exemption from or in a
transaction not subject to the registration requirements of the
Securities Act. No public offering of the Placing Shares is being
made in the United States.
This Announcement does not constitute an offer to sell or issue
or a solicitation of an offer to buy or subscribe for Placing
Shares in any jurisdiction including, without limitation, the
United States, Canada, Australia, Japan, the Republic of South
Africa or any other jurisdiction in which such offer or
solicitation is or may be unlawful (a "Prohibited Jurisdiction").
This Announcement and the information contained herein are not for
publication or distribution, directly or indirectly, to persons in
a Prohibited Jurisdiction unless permitted pursuant to an exemption
under the relevant local law or regulation in any such
jurisdiction. No action has been taken by the Company, Jefferies,
Winterflood or any of their respective affiliates that would permit
an offer of the Placing Shares or possession or distribution of
this Announcement or any other publicity material relating to such
Placing Shares in any jurisdiction where action for that purpose is
required. Persons receiving this Announcement are required to
inform themselves about and to observe any such restrictions.
Neither the content of the Company's website (or any other
website) nor the content of any website accessible from hyperlinks
on the Company's website (or any other website) is incorporated
into, or forms part of, this Announcement.
Jefferies International Limited and Winterflood Securities
Limited each of which is authorised and regulated in the United
Kingdom by the FCA, are acting exclusively for the Company and
no-one else in connection with the Placing or the matters referred
to in this Announcement and will not regard any other person as
their respective client in relation to the Placing and will not be
responsible to anyone other than the Company for providing the
protections afforded to their respective clients or for providing
advice in relation to the Placing or any transaction or arrangement
referred to in this Announcement.
No representation or warranty express or implied, is or will be
made as to, or in relation to, and no responsibility or liability
is or will be accepted by either Jefferies or Winterflood or by any
of their respective affiliates or agents as to or in relation to,
the accuracy or completeness of this Announcement or any other
written or oral information made available, whether publicly or to
any interested party or its advisers, and any liability therefore
is expressly disclaimed.
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(END) Dow Jones Newswires
November 20, 2020 02:00 ET (07:00 GMT)